OH SB78

Creates the GED Grant Program administered by the Ohio Board of Regents chancellor to provide grants to undergraduate students enrolled in certificate or associate degree programs at community colleges, state community colleges, or technical colleges who have earned high school equivalence diplomas on or after the bill's effective date.

Establishes grant eligibility requirements including Ohio residency, satisfactory academic progress, maintenance of at least a 2.0 cumulative grade point average, and obtaining a high school equivalence diploma after the first academic year following the bill's effective date.

Provides grants in the amount of $250 per student per semester for not more than four semesters while enrolled in a certificate or undergraduate program at eligible institutions.

Appropriates $4,000,000 from the General Revenue Fund to the Board of Regents in fiscal year 2015, with any unexpended balance reappropriated for fiscal year 2016 for the same purpose.

Limits the total number of grants awarded in any academic year to the amount that can be funded by appropriations made by the General Assembly, with the chancellor determining how grants are awarded, apportioned, or prorated if applicants exceed available funding.